New Orleans, $250K Hard, 37% LTV, First Deed of Trust
Greetings Forum Mentors. I have a close associate who has about $600 Mil of REO deals on the books, still I recommended she not wait any longer to
solve a challenge on her free and clear New Orleans Tri-Plex Remod...
See needs to make upgrades and repairs due to storm and other deferred
items, no flooding took place in her upscale area of NO. $250K is required secured by first deed of trust and note on the property. $100K can be placed into contractor control for 90 day upgrade. The property will comp out at $675K after all improvements are completed. Balance of funds about $85K will be used to payoff California home with about $15K for points, fees and cost and a remaining $35 K or so to cover her overhead while her huge REO order file closes. Good hard working women, with exceptional contacts, direct to many lenders and hedge funds. contact me for subject pic and info and any further details please.
[CONTACT INFO REMOVED] Thanks
Oh I expect to have several nice commercial short sale projects under
contract by this time tomorrow, all located in far Northern California if anyone is interested. EAB :D